: Natural-gas futures shake off early losses after the EIA’s supply update

The U.S. Energy Information Administration reported on Thursday that U.S. natural-gas supplies in storage rose by 84 billion cubic feet for the week ended Oct. 6. On average, analysts surveyed by S&P Global Commodity Insights forecast an increase of 91 billion cubic feet. Total working gas in storage for the week was at 3.529 trillion cubic feet, up 316 billion cubic feet from a year ago and 163 billion cubic feet above the five-year average, the government said. In Thursday dealings, November natural gas NGX23 traded at $3.381 per million British thermal units, up about half a cent, or 0.1%, on the New York Mercantile Exchange. Prices traded at $3.346 ahead of the supply data.

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